Eminence Capital, the beneficial owner of more than 900,000 shares of Class A Common Stock of Ritchie Bros. Auctioneers (RBA), announced its intention to vote AGAINST the company’s proposed merger with IAA, Inc. (IAA). Eminence also issued a letter to RBA shareholders highlighting the flawed and risky nature of the transaction with limited strategic logic.
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Published first on TheFly
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